PIC fires manager of division that made Ayo investment

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المملكة العربية السعودية أخبار أخبار

The executive in charge of the division responsible for the PIC's R4.3bn Ayo investment has been dismissed for 'gross misconduct'

Fidelis Madavo says he did not have direct oversight of the transaction and was on leave when it was pushed throughThe PIC, the state-owned company that is Africa's biggest asset manager, has fired the manager of the division that ultimately oversaw its R4.3bn investment into Iqbal Survé’s Ayo Technology Solutions.

The company, which oversees more than R2-trillion, mainly on behalf of government workers, said it had was terminating Fidelis Madavo’s employment for “gross misconduct” after a disciplinary proceeding adjudicated by senior counsel, and which involved representations by itself and Madavo.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

About time. Who defended him for so long ?

Never the bid guys at the top !!

Old news! Lock Surve up, freeze all his accounts including the hidden offshore ones and recover the cash he has skimmed off the top! 😡😡

Whatever... They accused Dan Matjila of corruption only to find his hands are clean. PIC plays politics

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 12. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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